wages are responsible for the differing behavior of unemployment in Europe as contrasted with the U. S., and across European … unemployment. Among the specific results are: (1) After adjustment for the income of the self-employed, there is no evidence of … percentage points over the IT. S. values. (2) There was indeed a real wage explosion between 1966 and 1975 in three small high-unemployment …

We study the importance of financial markets for (un)employment fluctuations in a model with searching and matching …

surprising miracle occurred the leaver nations are alleged to have enjoyed a burst of real growth and a decline in unemployment … pronounced if it were not for quiescent wage rates, which the paper attributes to high unemployment. The absence of any …

European unemployment is widely regarded as a problem of excessive real wages. This view as it is usually expressed …

European unemployment has been steadily increasing for the last 15 years and is …equilibrium unemployment. We then confront the theory to both the detailed facts of …insiders and firms, shocks which affect actual unemployment tend also to affect …

labor markets. We find that workers age 62 to 69 are responsive to the unemployment rate and to long-run fluctuations in … the rising unemployment rate will be almost 50 percent larger than the decrease in retirement brought about by the stock …